otherwise), chartering, operation, possession, use, maintenance, repair,
condition, removal, registration, de-registration, abandonment, repossession,
storage, sale, return, or other disposition of the Aircraft or any part of any
thereof, the Rent (or other amounts under the Transaction Documents) or any of
the Collateral or any part thereof, or any interest in any thereof; and (iii)
any penalties, charges, interest, fines, additions to tax or costs imposed
with respect to any items referred to in sub-clauses (i) and (ii); the items
referred to in sub-clauses (i), (ii), and (iii) above being referred to herein
collectively, as “ \*\*Impositions\*\* ”; except that “Impositions” shall
expressly exclude, and Lessee shall have no such obligation in respect of, any
of the same either (A) imposed against Lessor and imposed on or measured by
the net income, capital or net worth of Lessor by the jurisdiction in which
Lessor was incorporated or formed, or in which Lessor has its principal place
of business or (B) arising from the gross negligence or willful misconduct of
Lessor (unless imputed by Applicable Law). Lessee will indemnify Lessor from,
and defend and hold Lessor harmless, on an after-tax basis against, any and
all such Impositions. Any Impositions which are not paid when due and which
are paid by Lessor shall, at Lessor’s option, become immediately due from
Lessee to Lessor.